Asked by
Bakhtawar Ahmad
on Nov 28, 2024Verified
A fee simple absolute is an estate or interest in land with no limits in terms of disposition or duration.
Fee Simple Absolute
An ownership interest in land in which the owner has the greatest possible aggregation of rights, privileges, and power. The owner can use, possess, or dispose of the property as he or she chooses during his or her lifetime. On death, the interest in the property passes to the owner’s heirs.
Disposition
The act of selling, giving away, or disposing of property; also pertains to the inclination or temperament of a person.
- Comprehend the principle of property rights and interests, encompassing varieties of ownership and tenancy agreements.
Verified Answer
SK
Learning Objectives
- Comprehend the principle of property rights and interests, encompassing varieties of ownership and tenancy agreements.